2023 Q1 Form 10-K Financial Statement

#000149315223010322 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $107.0K $124.0K $809.0K
YoY Change -58.04% 21.57% -8.38%
Cost Of Revenue $134.0K $33.00K $1.556M
YoY Change -75.46% -78.71% 71.74%
Gross Profit -$27.00K $91.00K -$747.0K
YoY Change -90.72% -271.7% 3147.83%
Gross Profit Margin -25.23% 73.39% -92.34%
Selling, General & Admin $483.0K $558.0K $1.738M
YoY Change 19.55% 7.93% -1.47%
% of Gross Profit 613.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.00K $49.00K $196.0K
YoY Change 16.67% -61.42% -70.96%
% of Gross Profit 53.85%
Operating Expenses $617.0K $558.0K $3.294M
YoY Change 52.72% 7.93% 86.73%
Operating Profit -$510.0K -$467.0K -$2.485M
YoY Change -26.62% -18.07% 39.06%
Interest Expense $23.00K $12.46M $23.00K
YoY Change 4398.19% -110.55%
% of Operating Profit
Other Income/Expense, Net -$3.288M -$6.000K -$3.493M
YoY Change -101.53% -4161.63%
Pretax Income -$3.798M $11.92M -$5.978M
YoY Change 150.2% 14617.28% 288.43%
Income Tax
% Of Pretax Income
Net Earnings -$3.798M $11.92M -$5.978M
YoY Change 150.2% 14617.28% 288.43%
Net Earnings / Revenue -3549.53% 9613.71% -738.94%
Basic Earnings Per Share -$0.01 -$0.01
Diluted Earnings Per Share -$0.01 $0.02 -$0.01
COMMON SHARES
Basic Shares Outstanding 723.8M shares 703.8M shares 664.0M shares
Diluted Shares Outstanding 664.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $317.0K $538.0K $538.0K
YoY Change -49.92% -56.26% -56.26%
Cash & Equivalents $317.0K $538.0K $538.0K
Short-Term Investments
Other Short-Term Assets $9.000K $15.00K $15.00K
YoY Change -40.0% -88.0% -88.0%
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $326.0K $553.0K $553.0K
YoY Change -65.83% -63.97% -63.97%
LONG-TERM ASSETS
Property, Plant & Equipment $1.113M $1.098M $1.098M
YoY Change -14.19% -10.66% -14.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $3.000K $3.000K
YoY Change 0.0% 0.0%
Total Long-Term Assets $1.113M $1.101M $1.101M
YoY Change -17.62% -17.65% -17.65%
TOTAL ASSETS
Total Short-Term Assets $326.0K $553.0K $553.0K
Total Long-Term Assets $1.113M $1.101M $1.101M
Total Assets $1.439M $1.654M $1.654M
YoY Change -37.57% -42.41% -42.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $324.0K $11.00K $11.00K
YoY Change 2.86% -94.79% -94.79%
Accrued Expenses $10.00K $115.0K $115.0K
YoY Change -73.68% -17.86% -17.86%
Deferred Revenue $30.00K
YoY Change
Short-Term Debt $206.0K $200.0K $200.0K
YoY Change 281.48%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.502M $5.388M $5.388M
YoY Change 307.18% 212.17% 212.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $269.0K $0.00 $0.00
YoY Change 1394.44% -100.0% -100.0%
Total Long-Term Liabilities $269.0K $0.00 $0.00
YoY Change 1394.44% -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.502M $5.388M $5.388M
Total Long-Term Liabilities $269.0K $0.00 $0.00
Total Liabilities $8.771M $5.388M $5.388M
YoY Change 316.48% 209.12% 209.12%
SHAREHOLDERS EQUITY
Retained Earnings -$429.7M -$425.9M
YoY Change 1.42%
Common Stock $724.0K $704.0K
YoY Change 15.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$7.332M -$3.734M -$3.734M
YoY Change
Total Liabilities & Shareholders Equity $1.439M $1.654M $1.654M
YoY Change -37.57% -42.41% -42.41%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$3.798M $11.92M -$5.978M
YoY Change 150.2% 14617.28% 288.43%
Depreciation, Depletion And Amortization $56.00K $49.00K $196.0K
YoY Change 16.67% -61.42% -70.96%
Cash From Operating Activities -$21.00K -$713.0K -$2.149M
YoY Change -96.03% -467.53% 85.26%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $68.00K
YoY Change -100.0% -132.08%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities $0.00 -$68.00K
YoY Change -100.0% -141.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $228.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$200.0K 0.000 $1.525M
YoY Change -23.37%
NET CHANGE
Cash From Operating Activities -$21.00K -713.0K -$2.149M
Cash From Investing Activities 0.000 -$68.00K
Cash From Financing Activities -$200.0K 0.000 $1.525M
Net Change In Cash -$221.0K -713.0K -$692.0K
YoY Change 2540.74% -169.62%
FREE CASH FLOW
Cash From Operating Activities -$21.00K -$713.0K -$2.149M
Capital Expenditures $0.00 $68.00K
Free Cash Flow -$21.00K -$713.0K -$2.217M
YoY Change -95.44% -295.34% 133.86%

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CY2021 MGTI Loss On Settlement Of Debt
LossOnSettlementOfDebt
541000 usd
CY2022 MGTI Loss On Disposal Of Lease Hold Improvements
LossOnDisposalOfLeaseHoldImprovements
4000 usd
CY2022 MGTI Loss On Early Termination Of Land Lease
LossOnEarlyTerminationOfLandLease
8000 usd
CY2021 MGTI Gain Loss On Change In Fair Value Of Warrant Derivative Liability
GainLossOnChangeInFairValueOfWarrantDerivativeLiability
955000 usd
CY2022 MGTI Gain Loss On Change In Change In Fair Value Of Warrant Derivative Liability
GainLossOnChangeInChangeInFairValueOfWarrantDerivativeLiability
1726000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
984000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-79000 usd
CY2022 MGTI Gain Loss On Settlement Of Derivative
GainLossOnSettlementOfDerivative
-757000 usd
CY2021 MGTI Gain Loss On Settlement Of Derivative
GainLossOnSettlementOfDerivative
-228000 usd
CY2022 MGTI Non Current Impairment Expense On Non Operating Expense
NonCurrentImpairmentExpenseOnNonOperatingExpense
54000 usd
CY2022 MGTI Amortization Of Note Discount
AmortizationOfNoteDiscount
5406000 usd
CY2021 MGTI Amortization Of Note Discount
AmortizationOfNoteDiscount
526000 usd
CY2021 MGTI Gain On Settlement Of Payables
GainOnSettlementOfPayables
675000 usd
CY2021 MGTI Nonoperating Expense
NonoperatingExpense
306000 usd
CY2021 MGTI Noncash Interest Expense
NoncashInterestExpense
270000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-180000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
180000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-117000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
115000 usd
CY2022 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
11000 usd
CY2021 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
-4000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-120000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-5000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
38000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-375000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-66000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
30000 usd
CY2022 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-245000 usd
CY2021 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
245000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2149000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1160000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
68000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
3223000 usd
CY2022Q4 MGTI Warrant Derivative Liability Fair Value Disclosure
WarrantDerivativeLiabilityFairValueDisclosure
1727000 usd
CY2021Q4 MGTI Warrant Derivative Liability Fair Value Disclosure
WarrantDerivativeLiabilityFairValueDisclosure
1130000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
212000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
426000 usd
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
50000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
164000 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1335000 usd
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1000000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
228000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
990000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
71000 usd
CY2022 MGTI Proceeds From Loans Payable
ProceedsFromLoansPayable
33000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1525000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1990000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-692000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
994000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1230000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
236000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
538000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1230000 usd
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
230000 usd
CY2021 MGTI Exchange Of Notes Payable To Warrants
ExchangeOfNotesPayableToWarrants
1210000 usd
CY2022 MGTI Cashless Exercise Of Warrants And Extinguishment Of Related Warrant Derivative Liability
CashlessExerciseOfWarrantsAndExtinguishmentOfRelatedWarrantDerivativeLiability
988000 usd
CY2021 MGTI Cashless Exercise Of Warrants And Extinguishment Of Related Warrant Derivative Liability
CashlessExerciseOfWarrantsAndExtinguishmentOfRelatedWarrantDerivativeLiability
635000 usd
CY2022 MGTI Discount Related To Convertible Promissory Note
DiscountRelatedToConvertiblePromissoryNote
1500000 usd
CY2022 MGTI Derivative Liabilities Related To Convertible Debt And Warrants
DerivativeLiabilitiesRelatedToConvertibleDebtAndWarrants
6761000 usd
CY2022 MGTI Accounts Payable Settled With Loan Payable
AccountsPayableSettledWithLoanPayable
38000 usd
CY2022 MGTI Accounts Payable Settled With Bank Note
AccountsPayableSettledWithBankNote
200000 usd
CY2021 MGTI Beneficial Conversion Feature
BeneficialConversionFeature
1000000 usd
CY2021 MGTI Conversion Of Series C Convertible Preferred Stock Into Common Stock
ConversionOfSeriesCConvertiblePreferredStockIntoCommonStock
30000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-425906000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
538000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zQFpOLFD2N1l" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_866_z7Z1r680Pt27">Use of estimates and assumptions and critical accounting estimates and assumptions</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and also affect the amounts of revenues and expenses reported for each period. Actual results could differ from those which result from using such estimates. Management utilizes various other estimates, including but not limited to determining the estimated lives of long-lived assets, determining the potential impairment of long-lived assets, the fair value of warrants issued, the fair value of conversion features, and the valuation allowance for deferred tax assets. The results of any changes in accounting estimates are reflected in the financial statements in the period in which the changes become evident. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the period that they are determined to be necessary.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
538000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1230000 usd
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
37000 usd
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
980000 usd
CY2020Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
4000 usd
CY2021 MGTI Additions Of Digital Currencies From Mining
AdditionsOfDigitalCurrenciesFromMining
686000 usd
CY2021 MGTI Realized Gain Loss On Sale Of Digital Currencies
RealizedGainLossOnSaleOfDigitalCurrencies
1000 usd
CY2021 MGTI Sale Of Digital Currencies
SaleOfDigitalCurrencies
-691000 usd
CY2022 MGTI Additions Of Digital Currencies From Mining
AdditionsOfDigitalCurrenciesFromMining
169000 usd
CY2022 MGTI Realized Gain Loss On Sale Of Digital Currencies
RealizedGainLossOnSaleOfDigitalCurrencies
-2000 usd
CY2022 MGTI Sale Of Digital Currencies
SaleOfDigitalCurrencies
-156000 usd
CY2022Q4 us-gaap Intangible Assets Current
IntangibleAssetsCurrent
11000 usd
CY2021 MGTI Accretion Of Debt Discount
AccretionOfDebtDiscount
526000 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_846_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zBjqOzI67tVf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span style="text-decoration: underline"><span id="xdx_869_zhvoCgnFMwri">Reclassification</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Certain prior years balances have been reclassified to conform to current year presentation. These reclassifications had no effect on the reported results of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
180000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1927000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2499000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
829000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1270000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1098000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1229000 usd
CY2022 us-gaap Depreciation
Depreciation
196000 usd
CY2021 us-gaap Depreciation
Depreciation
675000 usd
CY2022 us-gaap Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
4000 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
246000 usd
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
3000 usd
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
3000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3000 usd
CY2022 MGTI Non Current Impairment Expense
NonCurrentImpairmentExpense
50000 usd
CY2022 MGTI Interest Receivable On Non Current Impairment Expense
InterestReceivableOnNonCurrentImpairmentExpense
4000 usd
CY2022 MGTI Discount Related To Convertible Promissory Note
DiscountRelatedToConvertiblePromissoryNote
1500000 usd
CY2022 MGTI Interest On Accretion Of Debt Discount
InterestOnAccretionOfDebtDiscount
5324000 usd
CY2022Q4 MGTI Additional Accretion Of Debt Discount
AdditionalAccretionOfDebtDiscount
82000 usd
CY2022 MGTI Accretion Of Debt Discount
AccretionOfDebtDiscount
5406000 usd
CY2022 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
4207000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
984000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3223000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3223000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
984000 usd
CY2022Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
1727000 usd
CY2022 MGTI Gain Loss On Change In Fair Value Of Warrants
GainLossOnChangeInFairValueOfWarrants
1726000 usd
CY2020Q4 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
246000 usd
CY2021 MGTI Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Warrant Issuance
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationWarrantIssuance
2492000 usd
CY2021 MGTI Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfer Out Upon Conversion Of Convertible Notes And Warrants
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransferOutUponConversionOfConvertibleNotesAndWarrants
-732000 usd
CY2021 MGTI Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
-955000 usd
CY2021 MGTI Derivative Liability Change In Fair Value
DerivativeLiabilityChangeInFairValue
79000 usd
CY2021Q4 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
1130000 usd
CY2022 MGTI Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Warrant Issuance
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationWarrantIssuance
2554000 usd
CY2022 MGTI Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfer Out Upon Conversion Of Convertible Notes And Warrants
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransferOutUponConversionOfConvertibleNotesAndWarrants
-231000 usd
CY2022 MGTI Change In Fair Value Of Warrant Liability
ChangeInFairValueOfWarrantLiability
-1726000 usd
CY2022Q4 MGTI Warrant Derivative Liability
WarrantDerivativeLiability
1727000 usd
CY2022 MGTI Gain Loss On Settlement Of Derivative
GainLossOnSettlementOfDerivative
-757000 usd
CY2021 MGTI Gain Loss On Settlement Of Derivative
GainLossOnSettlementOfDerivative
-228000 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
200000 usd
CY2022 MGTI Loss On Early Termination Of Land Lease
LossOnEarlyTerminationOfLandLease
8000 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
43000 usd
CY2021 us-gaap Payments For Rent
PaymentsForRent
37000 usd
CY2021Q3 MGTI Corporate Fundraising
CorporateFundraising
990000 usd
CY2021Q3 us-gaap Shares Issued
SharesIssued
35385703 shares
CY2021Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
35385703 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
626329010 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
682563502 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
603529010 shares
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
18349000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
17749000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
304000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
298000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
8567000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
8289000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
-50000 usd
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
6000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
12000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
9000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
7000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
6000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27175000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
26344000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
27175000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
26344000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.019 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.017 pure
CY2022 MGTI Effective Income Tax Rate Reconciliation At Permanent Adjustments
EffectiveIncomeTaxRateReconciliationAtPermanentAdjustments
0.123 pure
CY2021 MGTI Effective Income Tax Rate Reconciliation At Permanent Adjustments
EffectiveIncomeTaxRateReconciliationAtPermanentAdjustments
-0.020 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.007 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.047 pure
CY2022 MGTI Effective Income Tax Rate Reconciliation Change In State Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInStateTaxRate
-0.026 pure
CY2021 MGTI Effective Income Tax Rate Reconciliation Change In State Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInStateTaxRate
-0.483 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.139 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.643 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2022 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
Tax positions that meet the more likely than not threshold are then measured using a probability weighted approach recognizing the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement. The Company had no tax positions relating to open income tax returns that were considered to be uncertain.

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0001493152-23-010322-xbrl.zip Edgar Link pending
ex23-1.htm Edgar Link pending
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